Just noticed BTC hit a two-week low this morning, sitting around $71.6K with a 1.68% drop in the last 24 hours. Pretty wild considering the liquidation cascade that went through the market.

From what I'm seeing, roughly $300 million in long positions got wiped out. That's a lot of leverage getting flushed at once. You know how quickly things can move when that happens—one bad candle and suddenly everyone's stop losses are triggering. It's like watching someone's weekly earnings from a part-time gig just evaporate in minutes. Makes you think about risk management.

The thing is, these kinds of liquidation events usually create some interesting opportunities if you're watching closely. But yeah, for anyone holding longs right now, it's been rough. Curious to see if this bounces or if we test even lower support levels.